Friday, February 26, 2010

Genesco CEO to become chairman as well

Nashville-based shoe and hat retailer Genesco Inc. announced on Thursday its President and CEO Robert J. Dennis will add chairman to his title in April.The move implements the last step in the retailer's transition plan. Longtime Genesco executive and current chairman Hal N. Pennington will retire from Genesco's board of directors in June.

Pennington, who has worked for Genesco for more than 48 years, will remain as a consultant to the CEO and board of directors until March 31, 2011, the company said.

"I am honored to follow (Pennington) as chairman of a company for whose current strength he deserves so much credit, and I look forward to continuing to draw on his experience and insight in the year ahead," Dennis said.